Reuters UK Business

(Reuters) – European stocks rose on Wednesday as investors cheered slowing inflation across major economies, bolstering bets of an end to central bank policy tightening. Just a day after a benign U.S. inflation report supported views that the Federal Reserve may be done raising rates, fresh data showed British inflation also cooled by more than …

European stocks gain on inflation slowdown cheer; UK’s FTSE outperforms Read More »

(Reuters) – The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas. Methane is the second-biggest cause of climate change after carbon dioxide, and in the short term …

EU agrees law to hit fossil fuel imports with methane emissions limit Read More »

PARIS (Reuters) -French car maker Renault is holding an investor day for its electric vehicle unit Ampere, which was carved out from Renault’s other operations on Nov. 1 and is set for a market listing next year. Having pioneered the market for first-generation electric vehicles with its long-time ally Nissan in the early 2010s, Renault …

Factbox-What you need to know about Ampere, Renault’s EV unit Read More »

By Greg Bensinger SAN FRANCISCO (Reuters) – In federal court on Tuesday, Alphabet CEO Sundar Pichai acknowledged that he sometimes marked documents as “privileged” and never turned off a setting that caused internal chats to automatically delete after one day. Pichai was in court in San Francisco to defend Alphabet’s Google from a lawsuit by …

Alphabet CEO, in Play store trial, acknowledges some materials not retained Read More »

(Reuters) – Airbnb said on Tuesday it has acquired GamePlanner.AI, a 12-person startup, for an undisclosed sum, amid rapid adoption of artificial intelligence that has taken the tech world by storm and pushed many companies to explore its uses. GamePlanner.AI was co-founded by Adam Cheyer, who was also one of the founders of Apple’s voice …

Airbnb acquires AI startup GamePlanner.AI Read More »

By Christian Kraemer and Alexander Hübner BERLIN/MUNICH (Reuters) -The German government on Tuesday said it had decided to backstop Siemens Energy with guarantees worth 7.5 billion euros ($8.1 billion) as part of a deal with other stakeholders to help the troubled energy company fulfil its order book. Deepening problems at the firm’s wind turbine unit …

German government supports Siemens Energy with $8 billion guarantees Read More »

By Marc Jones LONDON (Reuters) -Analysts at investment bank UBS have predicted that emerging market (EM) assets are likely to have a difficult start to 2024 before picking up and finishing the year with better gains than the major developed economies of the world. The Swiss-based bank’s outlook published on Tuesday forecast that EM fixed …

Emerging market assets set for tricky start, better finish to 2024 – UBS Read More »

(Reuters) -Air fares in Europe are “rising way above inflation,” Airports Council International (ACI) Europe said on Tuesday, rebutting statements from airline lobby group IATA. The International Air Transport Association (IATA) – which represents some 300 airlines including Lufthansa and SAS – had said that while air fares were rising below inflation, charges from airport …

European air fares ‘rising way above inflation’, ACI Europe says Read More »

By William Schomberg BRISTOL, England (Reuters) -The Bank of England’s chief economist Huw Pill said there was still a risk that inflation would stay at high levels despite an expected fall in figures due on Wednesday, while fresh wage growth data remained too strong. Nearly two weeks after the BoE held interest rates at a …

BoE’s Pill says high inflation is still main risk for UK Read More »